Gamma Communications (LON:GAMA) Earns Buy Rating from Berenberg Bank

Gamma Communications (LON:GAMA)‘s stock had its “buy” rating restated by equities researchers at Berenberg Bank in a research report issued to clients and investors on Tuesday, Marketbeat Ratings reports. They currently have a GBX 1,900 ($23.26) price objective on the stock. Berenberg Bank’s price target would indicate a potential upside of 37.48% from the stock’s previous close.

Several other equities analysts also recently commented on the company. Deutsche Bank Aktiengesellschaft raised their target price on Gamma Communications from GBX 2,250 ($27.54) to GBX 2,300 ($28.15) and gave the stock a “buy” rating in a research report on Monday, September 16th. Shore Capital restated a “buy” rating on shares of Gamma Communications in a research report on Tuesday, September 24th.

Gamma Communications Price Performance

Shares of GAMA stock opened at GBX 1,382 ($16.92) on Tuesday. Gamma Communications has a 12 month low of GBX 1,090 ($13.34) and a 12 month high of GBX 1,917.60 ($23.47). The company has a current ratio of 2.78, a quick ratio of 2.45 and a debt-to-equity ratio of 2.09. The stock has a 50 day moving average of GBX 1,560.89 and a two-hundred day moving average of GBX 1,555.48. The company has a market capitalization of £1.32 billion, a P/E ratio of 2,382.76, a P/E/G ratio of 2.79 and a beta of 0.82.

About Gamma Communications

Gamma Communications plc, together with its subsidiaries, engages in the provision of technology-based communications and software services for small, medium, and large sized to businesses in Western Europe. The company offers Unified Communications as a Service products for enabling businesses to raise productivity, boost agility, and increase collaboration; Contact Centre as a Service, through a software platform that allows contact centres to operate over the internet for SMEs and Enterprise; and Direct Routing and Operator Connect services, designed to enable seamless and integrated calling between Teams and the local telephony infrastructure.